official data: The producer price index jumped 3.3 percent in November from a year earlier, as the prices of coal, steel and building materials climbed, boosting industrial profits, data from the National Bureau of Statistics showed, according to Global Times China. Friday rebound is a good sign that blue-chip stocks will continue to rise over the short term, according to media reports. China blue-chip index rose on Friday after official data showed that China producer prices rose at the fastest pace in more than five years in November. Investors should inject more into well performing blue-chip stocks and pay more attention to sectors related to environmental protection and State-owned enterprise reform, according to a report by financial news portal cnstock on Saturday. The index ticked up 0.22 percent in the previous week. The CSI 300 index, which tracks the 300 biggest companies traded in Shanghai and Shenzhen, rose 0.68 percent to 3,493.70 points on Friday, down 1 percent for the week.
(news.financializer.com). As
reported in the news.
Tagged under official data, term china topics.